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Colombia's economic outlook is strong, but deep challenges remain, OECD says

The Colombian economy is strong and the outlook is promising, but the country must do more to ensure that the ongoing commodities boom contributes to sustainable and inclusive growth over the long-term, according to the OECD’s latest Economic Assessment of Colombia.




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UK: Boosting growth and tackling inequality are key to recovery

Britain must continue to pursue pro-growth, as well as inequality-reducing structural reforms in order to recover from the nation’s deepest recession in nearly a century, according to a new OECD report.




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Structural reforms more important than ever for a strong and balanced economic recovery

Structural reforms offer governments a powerful tool to boost economic growth, create jobs and bring about a strong and balanced economic recovery, according to the OECD’s latest Going for Growth report.




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Do the average level and dispersion of socio-economic background measures explain France’s gap in PISA scores?

OECD’s PISA publications highlight the impact of economic, social and cultural status (ESCS) on students’ results within countries. The focus here is to investigate whether ESCS measures could contribute to differences in aggregate educational outcomes between countries.




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A clean energy economy - Lessons from Iceland

In his speech to OECD Ambassadors, the President of Iceland discussed how Iceland could offer lessons on the nature of a clean energy economy; and presented some insights from Iceland's recent challenges in dealing with the financial crisis.




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Global economy is improving but Europe lags behind, says OECD

Global economic activity is picking up, but the continuing crisis in the euro area is delaying a meaningful recovery, the OECD said in its latest Interim Economic Assessment.




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Improving the economic situation of young people in France

The economic situation of young people is unsatisfactory. Educational inequalities have been widening for over a decade, due to a sharp decline in the results of the most highly disadvantaged students. The unemployment rate for the 20-24 age bracket has not dropped below 16% for nearly 30 years.




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Slovak Republic: Fostering an inclusive job-rich recovery - OECD Better Policies Series

The Slovak Republic is one of the most dynamic economies in the euro area. The country has continued to converge rapidly towards the living standards of advanced OECD economies. However, the Slovak Republic should continue on its path of reform to achieve balanced, fair and sustainable growth, according to a new OECD report.




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Homo Economicus: an uncertain guide

As humans, we face a constant internal conflict between immediate gratification and more prudent living. This conflict is also apparent in society. How can we ensure that the homo economicus within us takes the decisions that best affect our lives, and economies?




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Raising the returns to innovation: structural policies for a knowledge-based economy

Innovation-based growth, underpinned by investments in a broad range of knowledge-based capital (KBC), is central to raising long-term living standards.




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Global economy advancing but pace of recovery varies, says OECD Economic Outlook

The global economy is moving forward, but divergence between countries and regions reflects the uneven progress made toward recovery from the economic crisis, according to the OECD’s latest Economic Outlook. Historically high unemployment remains the most serious challenge facing governments.




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Reforming agriculture and promoting Japan's integration in the world economy

The problems of Japanese agriculture – in particular low productivity and the prevalence of part-time farmers and small plots have been evident for the past 50 years.




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Austrian economy recovering, but trade-offs on the horizon, OECD says

Austria has achieved high levels of economic growth and well-being, but must address serious demographic, environmental and globalisation challenges if future generations are to share the same prosperity, according to the OECD’s latest Economic Survey of Austria.




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Do structural policies affect macroeconomic stability?

Using a panel of OECD countries, this study assesses the linkages between structural policies and macroeconomic stability. Business cycle and time-series characteristics of GDP and its components are employed to define various measures for economic instability and for the persistence of adverse shocks.




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The economics of civil justice: new cross-country data and empirics

Combining existing information with a newly collected dataset, the paper develops indicators of the performance and the institutional characteristics of OECD judicial systems.




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Advanced economies growing again but some emerging economies slowing, says OECD

A moderate recovery is underway in the major advanced economies, according to the OECD’s latest Interim Economic Assessment. Growth is proceeding at encouraging rates in North America, Japan and the UK. The euro area as a whole is out of recession, although output remains weak in a number of countries.




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G20 Leaders’ Summit: Growth and Global Economy

Building an international tax system that is transparent, efficient and fair, will serve our economies, our governments and our citizens, said OECD Secretary-General at the G20 summit in St. Petersburg.




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Irish recovery underway, but more inclusive growth and job creation needed, says OECD

Ireland’s economy is now showing encouraging signs of recovery from the financial crisis, but more must be done to reinvigorate growth and create the jobs that will get the country back to full health, according to the OECD.




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Shaping the post-crisis global economy

There is no simple remedy for fixing the post-crisis global economy. But three key ingredients for sustainable long-term growth are jobs, equality and trust, said OECD Secretary-General in Washington.




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Innovation, diversification and better logistics key to sustainable and inclusive growth, says latest Latin American Economic Outlook

After a decade of relatively strong growth, Latin America is facing headwinds associated with declining trade, a moderation in commodity prices and increasing uncertainty over external financial conditions, according to the latest Latin American Economic Outlook jointly produced by the OECD Development Centre, the UN Economic Commission for Latin America and the Caribbean (UN ECLAC) and CAF - Development Bank of Latin America.




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Brazilian economy is expanding again but long-term challenges remain, says OECD

Brazil has moved up the ranks of the world’s largest economies while making economic growth ever more inclusive.




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Rural-Urban Partnerships: An Integrated Approach to Economic Development

This report provides a framework to understand the changing relationships between urban and rural areas. Specifically, it documents the characteristics of these partnerships and the factors that can hinder as well as enable rural-urban co-operation.




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Global economy recovering at moderate pace but more risks ahead, says OECD

The global economy is expected to continue expanding at a moderate pace over the coming two years, but policymakers must ensure that instability in financial markets and underlying fragility in some major economies are not allowed to derail growth, according to the OECD’s latest Economic Outlook.




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Global spillovers from the growth slowdown in emerging market economies

A slowdown in EMEs has larger effects on the global economy than in the past, via trade and financial cross-border linkages.




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Growth-promoting policies and macroeconomic stability

This paper looks at a vast array of policy recommendations by the OECD that promote long-term growth – contained in Going for Growth and the Economic Outlook – and attempts to establish whether they underpin macroeconomic stability or whether there is a trade-off.




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Israel’s economy growing strongly but further efforts needed to improve living standards, says OECD

Israel’s economy is in good shape, but further efforts are needed to fight poverty and close the gap in living standards with other leading nations, according to the OECD’s latest Economic Survey of Israel.




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OECD Economic Survey of Russia launches in Moscow at the Gaidar Forum on Wednesday 15 January 2014

The OECD will launch its latest Economic Survey of the Russian Federation in Moscow on Wednesday 15 January 2014 during the annual Gaidar Forum.




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Russian economy growing but further reforms needed, says OECD

The Russian Federation’s economy is growing, but further reforms are needed to bolster future growth, improve the business climate and strengthen innovation, according to the OECD.




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OECD appoints new directors for economic policy

The OECD has appointed a former Portuguese economy minister and a high-level German government official to top leadership posts in the Economics Department, reinforcing its commitment to identifying and promoting policies that improve countries’ long-term economic performance.




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Mr Gurria strongly supports recently announced plans to revitalise the French economy

OECD Secretary-General Angel Gurría strongly supports President François Hollande’s recently announced measures to revitalise the French economy and set it on a path towards stronger growth.




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OECD Economic Survey of Hungary launches Monday 27 January 2014

The OECD’s latest Economic Survey of Hungary, to be published on Monday 27 January 2014, assesses the country’s exit from recession as well as steps that can be taken to boost its growth potential.




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Joint OECD and ESRI workshop: Long-term prospects of the world economy up to 2060 and their policy implications

Over the next 50 years, the world economic landscape will be shaped, among other things, by demographic developments, continuing trade and investment integration, a shift of gravity towards emerging economies, the rising role of knowledge-based capital, global environmental pressures and the correction of fiscal and current account imbalances.




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Growth Policies and Macroeconomic Stability

Macroeconomic shocks as severe and protracted as those since 2007 warrant a reconsideration of the role growth-promoting policies play in shaping the vulnerability and resilience of an economy to macroeconomic shocks.




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Economic crisis provides lessons for new approaches to forecasting, says OECD

Extreme volatility during the global financial crisis complicated economic forecasting, leading to large errors that underline the need for better modelling methods and new approaches for making and presenting projections.




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Finland’s economy is on the mend but pushing ahead with reform is key, says OECD

Finland’s economy is gradually picking up, but uncertainty surrounds the recovery. Determined action to implement structural reforms is needed to revive economic growth, restore competitiveness and preserve high standards of living and well-being, according to the OECD’s latest Economic Survey of Finland.




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Strengthening Poland’s Competitiveness – OECD Recommendations

A broad agenda of reforms in four areas – labour markets, education, product markets and innovation – should strengthen Poland’s economy and allow it to continue its path of convergence towards the income levels of the more affluent OECD economies, said Angel Gurría during a seminar in Warsaw.




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Recovery continuing in G7 countries, but emerging economies are mixed, OECD says

Recovery is under way in the world’s advanced economies, underpinned by supportive financial conditions and reduced drag from budgetary tightening, but activity in the major emerging markets is mixed, according to the OECD’s latest Interim Economic Assessment.




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Czech Republic is recovering, but more must be done to jump-start income convergence with euro area countries, OECD says

The Czech economy is finally coming out of a prolonged recession but must take further steps to speed up income convergence towards the euro area countries, according to the OECD’s latest Economic Survey of the Czech Republic.




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Japan: Advancing the third arrow for a resilient economy and inclusive growth

After two decades of low growth and persistent deflation, Japan is showing signs of renewed economic dynamism. But to regain its primacy as a leading economic powerhouse and raise the well-being of its citizens, Japan needs a structural reform package to narrow the productivity gap with leading OECD countries, notably by increasing the labour participation of women and older citizens.




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Global Economic Outlook - Written Statement for the IMFC

A moderate recovery is under way in major advanced economies after two years of subdued growth. Overall, most indications point to a continued underlying strengthening of the pace of growth, helped by accommodative monetary policy and reduced fiscal drag.




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Economic growth from the household perspective: GDP and income distribution developments across OECD countries

This paper provides an assessment of how households’ income has fared compared with GDP. While the prime focus is on incomes around the median, attention is paid also to the bottom of the income distribution.




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Netherlands: Make economic, innovation and territorial reforms work together to boost growth and competitiveness, says OECD

The Netherlands is gradually emerging from a double-dip recession with strengthened public finances and reforms on track to improve the labour and housing markets and the health care and pension systems. These reforms are paying off, says the OECD. Growth is expected to reach 1% this year and 1.3% in 2015.




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Make growth socially inclusive for improved well-being and stronger economies – OECD report

Inequality – now at its highest level in decades in many countries – undermines economic growth and well-being, says a new OECD report. But policies to tackle the widening gap between rich and poor will only succeed if they also look beyond income and address better access to high-quality education, health care and public infrastructure, it adds.




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Global economy strengthening but significant risks remain, says OECD in latest Economic Outlook

The global economy will strengthen over the coming two years, but urgent action is still required to further reduce unemployment and address other legacies from the crisis, according to the OECD’s latest Economic Outlook.




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Germany should enact economic and social reforms to make its growth path more inclusive and sustainable, OECD says

Germany’s current economic success offers a good platform for achieving sustainable and inclusive growth, but further reforms will be necessary over the medium and long term, according to the latest OECD Economic Survey of Germany.




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African countries need to tap global markets more effectively to strengthen their economies, says new African Economic Outlook

By participating more effectively in the global production of goods and services, Africa can transform its economy and achieve a development breakthrough, according to the latest African Economic Outlook, released at the African Development Bank Group’s Annual Meetings.




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Economic policies and microeconomic stability: a literature review and some empirics

This study reviews the existing literature on the link between economic policies and economic stability at the firm and household level. Based on firm-level and household-level data for a wide range of OECD countries, it also provides preliminary results on sources and patterns of microeconomic volatility.




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The economic consequences of ageing: the case of Finland

Finland’s population is set to age rapidly in the coming decades. This will put pressure on public finances, while shrinking labour resources. Nonetheless, solutions exist to alleviate those pressures. Adjusting the pension age in line with the rise in life expectancy would reduce pension costs and increase older workers’ employment, provided it is accompanied by the removal of the pathways to early retirement.




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U.S. recovery could be strengthened by key reforms, OECD says

Economic recovery in the United States is stronger than in most OECD countries, but it will remain sluggish unless new reforms are launched to boost growth, according to OECD’s latest Economic Survey of the United States.




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Korea: Implement reforms to develop a creative economy, OECD says

Korea needs to move away from its current economic model and implement a range of reforms to develop a creative economy that can sustain long-term growth, according to the latest OECD Economic Survey of Korea. The strategy should be accompanied by new measures to reduce income inequality and poverty, particularly among the elderly, the OECD said.